SEC Form 4 · accession 0001348568-17-000007
WHIRLPOOL CORP /DE/ · WHR
Statement of changes in beneficial ownership, as filed. Original on EDGAR ↗
Reporting owner
Marc R Bitzer
Officer — PRES & CHIEF OPERATING OFFICER · Director
Period of report
May 9, 2017
Accepted (ET)
May 11, 2017 · 4:50 pm EDT
Rule 10b5-1 plan
unknown — predates the checkbox
Issuer CIK
0000106640
Table I — non-derivative securities
| Security | Date | Code | Shares | Price | A/D | Owned after | D/I | Nature of ownership |
|---|---|---|---|---|---|---|---|---|
| Common Stock | Feb 23, 2017 | G | 2,500 | $0.00 | D | 50,322 | I | By trust for reporting person |
| Common Stock | Mar 2, 2017 | G | 11,590 | $0.00 | D | 0 | D | |
| Common Stock | Mar 2, 2017 | G | 11,590 | $0.00 | A | 61,912 | I | By trust for reporting person |
| Common Stock | May 9, 2017 | M | 12,500 | $132.19 | A | 12,500 | D | |
| Common StockF1 | May 9, 2017 | S | 10,800 | $183.7306 | D | 1,700 | D | |
| Common StockF2 | May 9, 2017 | S | 1,700 | $184.6706 | D | 0 | D | |
| Common Stock | May 10, 2017 | M | 8,024 | $132.19 | A | 8,024 | D | |
| Common StockF4 | May 10, 2017 | S | 6,814 | $183.8036 | D | 1,210 | D | |
| Common Stock | May 9, 2017 | G | 300 | $0.00 | D | 61,612 | I | By trust for reporting person |
| Common Stock | May 9, 2017 | G | 300 | $0.00 | A | 632 | I | By trust for immediate family members |
| Common Stock | holding | — | — | — | 763 | I | 401(k) Stock Fund |
Table II — derivative securities
| Security | Conv. / exercise price | Date | Code | Shares | A/D | Exercisable | Expires | Underlying | Underlying shares | Owned after | D/I |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Employee Stock Options (Right to Buy)F5 | $132.19 | May 9, 2017 | M | 12,500 | D | Feb 15, 2017 | Feb 15, 2026 | Common | 12,500 | 47,860 | D |
| Employee Stock Options (Right to Buy)F5 | $132.19 | May 10, 2017 | M | 8,024 | D | Feb 15, 2017 | Feb 15, 2026 | Common | 8,024 | 39,836 | D |
Explanation of responses
- F1The price reported in Column 4 is a weighted average price. These shares were purchased in multiple transactions at prices ranging from $183.38 to $184.34, inclusive. The reporting person undertakes to provide to Whirlpool Corporation, any security holder of Whirlpool Corporation, or the staff of the Securities and Exchange Commission, upon request, full information regarding the number of shares purchased at each separate price within the ranges set forth in this footnote.
- F2The price reported in Column 4 is a weighted average price. These shares were purchased in multiple transactions at prices ranging from $184.52 to $184.68, inclusive. The reporting person undertakes to provide to Whirlpool Corporation, any security holder of Whirlpool Corporation, or the staff of the Securities and Exchange Commission, upon request, full information regarding the number of shares purchased at each separate price within the ranges set forth in this footnote.
- F3Represents sales to cover the option exercise price and associated tax withholding obligation on acquisition of 1,210 shares.
- F4The price reported in Column 4 is a weighted average price. These shares were purchased in multiple transactions at prices ranging from $183.8028 to $183.82, inclusive. The reporting person undertakes to provide to Whirlpool Corporation, any security holder of Whirlpool Corporation, or the staff of the Securities and Exchange Commission, upon request, full information regarding the number of shares purchased at each separate price within the ranges set forth in this footnote
- F5Remaining options will vest and become exercisable in two equal installments on 02/15/2018 and 02/15/2019.